Corporate Finance

Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe

976 pages, parution le 09/01/2003 (6^eme édition)

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Résumé

This popular textbook emphasizes the modern fundamentals of the theory of finance, while providing contemporary examples to make the theory come to life. The authors aim to present corporate finance as the working of a small number of integrated and powerful intuitions, rather than a collection of unrelated topics. They develop the central concepts of modern finance: arbitrage, net present value, efficient markets, agency theory, options, and the trade-off between risk and return, and use them to explain corporate finance with a balance of theory and application. The well-respected author team is known for their clear, accessible presentation of material that makes this text an excellent teaching tool.

Contents

Part I: Overview

Introduction to Corporate Finance
Accounting Statements and Cash Flow

Part II: Value and Capital Budgeting

Financial Markets and Net Present Value: First Principles of Finance
Net Present Value
How to Value Bonds and Stocks
Some Alternative Investment Rules
Net Present Value and Capital Budgeting
Strategy and Analysis in Using Net Present Value

Part III: Risk

Capital Market Theory: An Overview
Return Risk: The Capital Asset Pricing Model (CAPM)
An Alternative View of Risk and Return: The Arbitrage Pricing Theory
Risk, Return, and Capital Budgeting

Part IV: Capital Structure and Dividend Policy

Corporate Financing Decisions and Efficient Capital Markets
Long-Term Financing: An Introduction
Capital Structure: Basic Concepts
Capital Structure: Limits to the Use of Debit
Valuation and Capital Budgeting for the Levered Firm
Dividend Policy: Why Does it Matter?

Part V: Long-Term Financing

Issuing Equity Securities to the Public
Long-Term Debt
Leasing

Part VI: Options, Futures, and Corporate Finance

Options and Corporate Finance
Options and Corporate Finance: Extensions and Applications
Warrants and Convertibles
Derivatives and Hedging Risk

Part VII: Financial Planning and Short-Term Finance

Corporate Financial Models and Long-Term Planning
Short-Term Finance and Planning
Cash Management
Credit Management

Part VIII: Special Topics

Mergers and Acquisitions
Financial Distress
International Corporate Finance

Appendix A: Mathematical Tables
Appendix B: Selected Answers to End-of-Chapter Problems

L'auteur - Stephen A. Ross

Stephen A. Ross Professeur de finance à la Sloan School of Management du Massachusetts Institute of Technology (MIT).

Stephen A. Ross is the Franco Modigliani Professor of Finance and Economics at the Massachusetts Institute of Technology. Best known as the originator of arbitrage pricing theory and as the codiscoverer of risk-neutral pricing and the binomial model for pricing derivatives, he is the coauthor of the best-selling textbook series in finance, Corporate Finance.

L'auteur - Randolph W. Westerfield

Randolph W. Westerfield Doyen de la Marshall School of Business de l'université de Californie du Sud et titulaire de la chaire Robert R. Dockson of Business Administration.

L'auteur - Jeffrey Jaffe

Jeffrey E. Jaffe Journaliste financier et auteur de nombreuses contributions scientifiques dans des journaux et revues économiques et financières.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Mc Graw Hill
Auteur(s)	Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe
Parution	09/01/2003
Édition	6^eme édition
Nb. de pages	976
Format	20 x 25,3
Couverture	Broché
Poids	1650g
Intérieur	Noir et Blanc
EAN13	9780071124218
ISBN13	978-0-07-112421-8